Search

Cabinet approves ‘Pradhan Mantri JI-VAN yojana’ for financial support to Integrated Bioethanol Projects

The Centre for High Technology (CHT), a technical body under the aegis of the Union Ministry of Petroleum and Natural Gas, will be the implementation Agency for the scheme. The Project developers, interested in availing benefits of the scheme, need to submit their proposal for review by Scientific Advisory Committee (SAC) of the Ministry.

Mar 2, 2019 10:19 IST
facebook IconTwitter IconWhatsapp Icon

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi approved the ‘Pradhan Mantri Jaiv Indhan- Vatavaran Anukool fasal awashesh Nivaran (JI-VAN) Yojana’ for providing financial support to the Integrated Bioethanol Projects.

The scheme aims to incentivise 2G Ethanol sector and support the industry by creating a suitable ecosystem for setting up commercial projects and increasing Research & Development in this area.

The Pradhan Mantri JI-VAN Yojana will be supported with the total financial outlay of Rs 1969.50 crore for the period 2018-19 to 2023-24.

Disbursement of total allocated fund of Rs 1969.50 crore:

  • Rs 1800 crore for supporting 12 Commercial projects
  • Rs 150 crore for supporting 10 demonstration Projects
  • Rs 9.50 crore will be provided to Centre for High Technology (CHT) as administrative charges

Phases under JI-VAN Yojana

Under the JI-VAN Yojana, 12 Commercial Scale and 10 Demonstration Scale Second Generation (2G) ethanol projects will be provided with a Viability Gap Funding (VGF) support in two phases. These two phases are:

a) Phase-I (2018-19 to 2022-23): 6 Commercial projects and 5 demonstration projects will be supported.

b) Phase-II (2020-21 to 2023-24): Remaining 6 commercial projects and 5 demonstration projects will be supported.

Benefits

Meeting the vision of Government in reducing import dependence by way of substituting fossil fuels with Biofuels

Achieving the greenhouse gas emissions reduction targets through progressive substitution of fossil fuels

Addressing environment concerns caused due to burning of biomass or crop residues.

Improving the health of citizens

Improving farmers’ income by providing them remunerative income for their otherwise waste agriculture residues

Creating rural & urban employment opportunities in 2G Ethanol projects and Biomass supply chain.

Contributing to Swacch Bharat Mission by supporting the aggregation of non­food biofuel feedstocks

Indigenisation of Second Generation Biomass to Ethanol technologies.

Highlights of the Pradhan Mantri JI-VAN Yojana

The Centre for High Technology (CHT), a technical body under the aegis of the Union Ministry of Petroleum and Natural Gas, will be the implementation Agency for the scheme.

The Project developers, interested in availing benefits of the scheme, need to submit their proposal for review by Scientific Advisory Committee (SAC) of the Ministry.

The Projects recommended by SAC shall be approved by Steering Committee of the Ministry under the chairmanship of Secretary of Ministry of Petroleum.

The ethanol produced by the beneficiaries of the scheme will be mandatorily supplied to Oil Marketing Companies (OMCs) to further enhance the blending percentage under Ethanol Blending Programme (EBP).

Ethanol Blended Petrol (EBP) programme

  • The Union Government launched the Ethanol Blended Petrol (EBP) programme in 2003 for undertaking blending of ethanol in Petrol to address environmental concerns due to fossil fuel burning, provide remuneration to farmers, subsidise crude imports and achieve forex savings.
  • Under EBP programme, Oil Marketing Companies are required to blend up to 10 percent of ethanol in Petrol.
  • The present policy allows procurement of ethanol produced from molasses and non-food feed stock like celluloses and lignocelluloses material including petrochemical route.
  • Presently, the EBP is being implemented in 21 States and 4 UTs of the country.

Download our Current Affairs & GK app For exam preparation

डाउनलोड करें करेंट अफेयर्स ऐप एग्जाम की तैयारी के लिए

AndroidIOS